Friedrich Hayek—Economics of Freedom

In the wake of World War I, collectivist governments promised to rebuild Europe. But Austrian economist Friedrich Hayek saw a dangerous tradeoff: the more governments intervened, the less freedom people had. This episode of Economic Game Changers presents a defender of classical liberalism whose ideas warned against the tyranny of Nazism and communism. Through Hayek, and his classic book The Road to Serfdom, teens learn about the true casualties of central planning: free markets, liberty, and life itself.